Bargaining Theory in its present state can be seen as a collection of cooperative and noncooperative models. There is the axiomatic foundation which goes back to Nash [NASH50b]. In this context a bargaining problem is a static setup describing the feasible utility vectors a group of players may agree upon and the status quo point resulting from a failure of agreement.
KeywordsNash Equilibrium Repeated Game Subgame Perfect Equilibrium Bargaining Solution Joint Plan
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